She has a small business selling a variety of goods in Kampala; she also sells the local drink "Madrakwa". She started her business when she was still young with a small loan, initiated by her mother. She obtained a loan of $50 from the micro-finance institution (MFI) Hekima in 2007. She has set-up her business at home. This new loan will be used to purchase supplies for the production of the local drink "Mandrakwa", which is made with maize and sorghum. The rest of the loan will be used for goods for her general store business, increasing the volume and value of its stock of goods. Additionally, she hopes to have a display for her shop.
Kavira Elizabeth thanks the MFI Hekima for its work helping poor people who are are excluded from traditional banks. It should be noted that her group Ishara is comprised of 28 members.
Important InformationHEKIMA is a microfinance institution headquartered in Goma, Democratic Republic of the Congo (DRC), with branch offices in Goma and Bukavu. HEKIMA aims to contribute to the transformation of the economic, social, and spiritual lives of the economically active poor of the DRC. To this end, HEKIMA provides its clients with solidarity group loans to support income-generating activities. Despite ongoing instability and violence in its operating areas, HEKIMA continues to keep its doors open and provide credit and savings services for its over 90% female clientele.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid